Union Bank of Colombo PLC · Savings Account

Kidz Saver

#59 of 182 · Pays more than 66% of savings accounts that publish a rate.

Rates

Category	Rate p.a.
Children Savings	Up to 5.25%

Features

Thyaga reward card and points at the time of opening the account and as the balance grows. Each point is equivalent to one rupee upon redemption.
Scholarship Achievement Reward – Thyaga reward points of 5,000 will be awarded to children who pass the grade five-scholarship exam with a score above the district cut-off mark.
Financial literacy workshops for minors aged 15 years and above.

Who can apply

Kidz Saver can be opened for all minors below 18 years and parents /guardian or benefactor above 18 years.

Kidz Saver: common questions

What is the interest rate on the Kidz Saver?

Union Bank lists Up to 5.25% per annum for the Kidz Saver. That is a ceiling; the rate you are offered depends on your profile. Pays more than 66% of savings accounts that publish a rate.

Who is eligible for the Kidz Saver?

Kidz Saver can be opened for all minors below 18 years and parents /guardian or benefactor above 18 years. The accounts should be opened for children on or before they reach 13 years to be eligible for the Cash reward scheme. Eligible for the grade five scholarship – The account must maintain a minimum balance of LKR. 25,000 and the account must have been opened at least 12 months prior to the claim date.

About the Kidz Saver

The Kidz Saver is a savings account from Union Bank in Sri Lanka. The features, eligibility and documents above come from the bank's published terms; confirm them with Union Bank before you apply, as rates and conditions change.

Compare savings accounts by interest rate, the minimum balance needed to earn it, fees, and the extras: accounts for children, seniors and women often come with higher rates, gifts or insurance.

See every savings accounts from Union Bank or compare savings accounts from every bank.

Eligible for the grade five scholarship – The account must maintain a minimum balance of LKR. 25,000 and the account must have been opened at least 12 months prior to the claim date.

Documents you'll need

A duly completed application form.
Birth Certificate / Passport of the child.
National Identity Card /Passport /Driving License or acceptable ID of parent / guardian / benefactor.
Copy of a recent utility bill/bank statement to establish residence address.
Initial deposit Rs.2,500/- to start the account.

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Reviews for Kidz Saver

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A duly completed application form.; Birth Certificate / Passport of the child.; National Identity Card /Passport /Driving License or acceptable ID of parent / guardian / benefactor.; Copy of a recent utility bill/bank statement to establish residence address.; Initial deposit Rs.2,500/- to start the account.; Parents, guardians and / or benefactors can open an account on behalf of children..

How do I apply for the Kidz Saver?

Use the button on this page to send one application through AnyBanQ, or contact Union Bank directly. AnyBanQ is not a bank or lender; approval and final terms are decided by Union Bank.